Robert George Sells 10,000 Shares of WidePoint (NYSEAMERICAN:WYY) Stock

WidePoint Corporation (NYSEAMERICAN:WYY) CFO Robert George sold 10,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $10.59, for a total transaction of $105,900.00. Following the transaction, the chief financial officer directly owned 54,493 shares of the company’s stock, valued at approximately $577,080.87. This represents a 15.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

WidePoint Trading Down 2.8%

NYSEAMERICAN WYY opened at $11.27 on Friday. WidePoint Corporation has a 12 month low of $2.80 and a 12 month high of $12.25. The company has a 50-day moving average of $7.30 and a 200-day moving average of $6.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $111.46 million, a P/E ratio of -56.35 and a beta of 1.81.

WidePoint (NYSEAMERICAN:WYY) last posted its quarterly earnings data on Thursday, May 14th. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.13. WidePoint had a negative net margin of 1.24% and a negative return on equity of 16.24%. The company had revenue of $40.58 million during the quarter, compared to the consensus estimate of $37.87 million. As a group, equities analysts predict that WidePoint Corporation will post -0.06 earnings per share for the current year.

Analyst Ratings Changes

WYY has been the subject of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $9.00 price objective on shares of WidePoint in a research note on Monday, March 30th. Zacks Research raised shares of WidePoint from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $8.67.

Institutional Trading of WidePoint

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in WidePoint by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 376,513 shares of the technology company’s stock worth $1,862,000 after purchasing an additional 8,850 shares in the last quarter. Potomac Capital Management Inc. acquired a new stake in WidePoint during the 4th quarter worth approximately $1,051,000. Renaissance Technologies LLC increased its position in WidePoint by 3.0% during the 4th quarter. Renaissance Technologies LLC now owns 132,098 shares of the technology company’s stock worth $709,000 after purchasing an additional 3,898 shares in the last quarter. Informed Momentum Co LLC acquired a new stake in WidePoint during the 4th quarter worth approximately $527,000. Finally, Geode Capital Management LLC increased its position in WidePoint by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 85,777 shares of the technology company’s stock worth $461,000 after purchasing an additional 3,675 shares in the last quarter. Institutional investors and hedge funds own 22.60% of the company’s stock.

WidePoint Company Profile

WidePoint Corporation (NYSE American: WYY) is a provider of secure mobility management and identity management solutions. Headquartered in Reston, Virginia, the company delivers a range of managed services designed to help organizations control and secure their telecommunications and IT environments. Since its inception in the late 1990s, WidePoint has focused on helping businesses and government agencies optimize their mobile device portfolios and ensure regulatory compliance.

WidePoint’s core offerings include mobile device management, telecom expense management, and unified endpoint security.